Hong Kong / AP Asia-focused bank Standard Chartered said on Tuesday it swung to a surprise $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring costs and bad loans. Chairman John Peace described the performance as “poor” in what he called a watershed year, which saw the company announce it would axe 15,000 jobs under ...

Riyadh / Emirates Business As high as 38 percent of KSA respondents would recommend their bank as a first choice to friends or colleagues according to the first ever NPS Survey conducted in the Kingdom by Souqalmal.com , KSA’s #1 financial comparison website. Respondents were asked to evaluate various aspects of the overall banking experience. The parameters covered customer service, ...

Frankfurt / AP Deutsche Bank says it has completed a buyback of euro-denominated bonds aimed at demonstrating its financial strength after violent swings in the bank’s share price. The bank said investors had offered to sell only 1.75 billion euros ($1.92 billion) worth of bonds under the bank’s bid to repurchase 3 billion euros of them. Of that, Deutsche Bank ...